Ortodox Channel that i discovered in BankNifty.
- Banknifty has been trading in this orthodox channel with a midline ssince 2013.
Few places it breacheed this channel are COVID news, Ukraine WAR etc.
As of Recent times Since Oct 18, 2022 BankNfty has been Ignoring news around Economic slowdown, etc.
Its important for the investors keep the money safe, hence Bank Nifty has to fall back to trading in these Safe Zones.
Disclaimer:
The ideas expressed here are purely my opinion, no. trades should be based on these studies.
This is all just meant for Educational purposes only.
